The International Olympic Committee (IOC) on Sunday said it is considering postponing the Tokyo 2020 Games and would make a final decision within four weeks.
Author: SGB Media
Igloo Pledges Profits To Coronavirus Response Fund
Igloo has announced they will be donating 100 percent profits from all Playmate coolers sold on Igloocoolers.com over the course of the next 30 days to the CDC Foundation Coronavirus Response Fund.
A&G Realty Partners Begins Marketing Of 137 Modell’s Store Leases
A&G Real Estate Partners (A&G) has begun marketing 137 Modell’s Sporting Goods store leases in nine Northeastern and Mid-Atlantic states and the District of Columbia in connection with the 111-year-old retailer’s voluntary Chapter 11 bankruptcy filing and liquidation.
Peloton Suspends Treadmill Sales, Deliveries Amid Spread Of Coronavirus
Peloton announced that it will temporarily suspend the sale and delivery of Tread, its treadmill, because the size of the machine is too large to deliver to customers who are social distancing amid the coronavirus pandemic.
Nike Promotes Social Distancing In Ad To Promote Workout App
On Saturday, Nike released a new ad campaign to express the importance of social distancing during the coronavirus pandemic. The campaign also promotes the brand’s workout app and timed with the announcement that programming is now accessible to users free of charge.
Foot Locker Increases Cash Position In COVID-19 Pre-Caution
Foot Locker Inc. said in a regulatory filing that it borrowed $330 million under its revolving credit facility. The retailer said the borrowings were made as a precautionary measure to increase its cash position and preserve financial flexibility in light of the uncertainty in the global markets resulting from the COVID-19 pandemic
Trade Associations Send Letter To President Trump Over Coronavirus Impact On Business
The National Retail Federation, along with dozens of other trade associations, sent a letter to President Trump over the weekend outlining their concerns over the impact the coronavirus is having their members’ businesses.
Team Canada Withdrawing From 2020 Summer Olympics
The Canadian Olympic Committee (COC) and Canadian Paralympic Committee (CPC), backed by their athletes’ commissions, National Sports Organizations and the Government of Canada, decided to not send Canadian teams to the Olympic and Paralympic Games in the summer of 2020 due to coronavirus concerns.
Thule Group AB Withdraws Proposal For Dividend
The board of directors of Thule Group AB has decided to withdraw previously communicated proposal for a dividend of SEK 7.50 (US$0.72) per share, or a total of SEK 774 million (US$74.2 million).
Vibram Provides Production Updates For Italian, Chinese and U.S. Facilities
Due to the coronavirus, Vibram announced that it has decided to temporarily suspend production at its Italian facility, located in Albizzate, for at least a week, in order to allow all workers to stay at home safely. The company also provided updates for its U.S. and Chinese operations.
Mountain Hardwear Backs Out Of ORSM, GOA Shows
Even as Outdoor Retailer said last week it was still planning to host its Summer Market this June in Denver, CO, one prominent outdoor brand—Mountain Hardwear—announced it would not attend the show as well as the Grassroots Outdoor Association in Knoxville, TN, also scheduled to be held in June.
Why Hibbett Has Decided To Keep Stores Open
The coronavirus has forced many retailers to temporarily close their doors, but Birmingham, AL-based Hibbett Sports Inc. believes its locations are better positioned than big-box competitors and isn’t issuing a companywide shutdown. Hibbett CEO Mike Longo spoke on the fourth-quarter earnings call Friday morning—his first since being named to the top post last December—about the company’s resiliency amid this current crisis.
Aisle Talk | Week Of March 16, 2020
The Week’s Top Headlines across the Active Lifestyle Industry as reported in SGB Updates during the week of March 16, 2020.
Outdoor Retailer Summer Market Still On—For Now
Outdoor Retailer Summer Market, scheduled for June 23-25 at Colorado Convention Center in Denver, CO, is still on as of March 20 despite the spread of the coronavirus, the company announced in a Friday morning email.
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